USDJPY has seen a strong uptrend over the previous weeks. Price has looked to slow down and peak, warranting a retracement. Short trade entered with stop loss above high of the uptrend. Take profit is at the 0.38 retracement. Nice 1:1.5 Risk: Reward.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.